10QSB Filing with SEC, and pertinent matter I will post here to show my concern with this company... and still more Form 4 stock sale forms filed by Mr. Alex Craven! Also I am adding a small portion of the current SEC 10QSB filing, but with the two top officers who are stated as holding several titles each, and looking at the SEC filing and admiistrative & management fees the financials shown paid in 2007, I wonder if each of these two corp directors is giving themself an annual salray for each job title they hold such as Secretary, CEO, CFO, etc?? This would not be very wise for a start-up business and in current light, would sure add fuel to concerns of a pump & dump. Where are they going to get the additional $15million they need in 2008?
Estimated Expenses For the Next 12 Month Period (2008)
Operating Expenses
Workover/Re-entry Program – U.S. Onshore $ 800,000
Exploration Costs 13,300,000
Employee and Consultant Compensation 700,000
Professional Fees 250,000
General and Administrative Expenses 150,000
Total $ 15,200,000
/s/ Richard Moore
By: Richard Moore
President, Chief Executive Officer and Director
(Principal Executive Officer)
Dated: January 22, 2008
/s/ Alexander Craven
By: Alexander Craven
Vice President, Finance, Secretary, Treasurer and Director
(Principal Financial Officer and Principal Accounting Officer)
Dated: January 22, 2008
10QSB Jan 22, 2008 Nov 30, 2007 311.1 KB
4 Jan 17, 2008 Jan 15, 2008 6.3 KB
8-K Jan 16, 2008 Jan 10, 2008 20.8 KB
4 Jan 16, 2008 Jan 14, 2008 4.9 KB
NT 10-Q Jan 15, 2008 Nov 30, 2007 26 KB
4 Jan 11, 2008 Jan 9, 2008 6.3 KB
4 Jan 9, 2008 Jan 4, 2008 7.7 KB
4 Jan 4, 2008 Dec 24, 2007 13.1 KB
4 Dec 27, 2007 Dec 21, 2007 4.4 KB
4 Dec 20, 2007 Dec 19, 2007 6.3 KB